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Turkish Citizenship by Investment 

Especially in the last few years, people of different nationalities aspire to have Turkish citizenship along with their own nationality.

How to get citizenship in Turkey? What are the factors that make Turkish citizenship so important in the world? Is it easy to obtain Turkish citizenship? What kind of rights can a foreigner who gains Turkish citizenship benefit from?

You can review the texts below to learn the answers to all your questions.

 

How Many People Got Turkish Citizenship by Investment in Turkey?

 

According to the Republic of Turkey Ministry of Interior General Directorate of Population and Citizenship Affairs statistics; between 19 September 2018 - 19 September 2019, 2,611 foreign investors became Turkish citizens.

The number of foreigners who acquire Turkish citizenship with their family members is 9,962.

Following the amendment made in September 2018 on obtaining Turkish citizenship, the housing investment of foreigners increased significantly.

As of January 2020, housing sales to foreigners in Istanbul increased by 46% compared to the previous year and broke a record. 15% increase in foreign sales in 2019 was seen across Turkey.

The top 10 countries who obtained Turkish citizenship by investing in Turkey; respectively Iraq, Afghanistan, Palestine, Egypt, Libya, Lebanon, the Federation of Saint Kitts and Nevis, Saudi Arabia, Azerbaijan, Pakistan .....

 

 

WHAT ARE THE BENEFITS OF TURKISH CITIZENSHIP AND TURKISH PASSPORT?

 

Is it Easy to Obtain Turkish Citizenship?

Obtaining citizenship of any country is not an easy process. The country, which will grant citizenship, subordinates the person requesting citizenship to certain conditions and procedures. By submitting documents to many official authorities, rigorous research is carried out to determine whether the person is eligible for the nationality of that country.

While the Turkish government applies similar processes to a foreigner to grant Turkish citizenship, it is easier to obtain Turkish citizenship than many countries.

Especially, within the scope of obtaining Turkish citizenship "with exceptional cases" specified in the Law, obtaining citizenship of Turkey by investment has been made easier by the Turkish government's recent regulations.

 

1. No Need to Live in Turkey for Turkish Citizenship

For a foreing citizen, there is no need short or long-term living requirement in Turkey to obtain Turkish citizenship by investment.

The person who will apply for Turkish citizenship, while continue to live in his/her own country, after getting Turkey residence permit he/she can apply for the acquisition of Turkish citizenship.

In this way, he / she easily handles Turkish citizenship transactions even while abroad.

 

2. No Need to Speak Turkish for Turkish Citizenship

People who want to apply for Turkish citizenship by investment are not obliged to speak Turkish, are not subject to any exams or interviews.

 

3. No Wealth Declaration Requirement for Turkish Citizenship

For foreign citizens who want to obtain Turkish citizenship, in order to apply for citizenship there is no need to declare to the Republic of Turkey as money, income, assets and other property that they own.

 

4. There is no Double Citizenship Restriction for Turkish Citizenship

Some countries around the world have banned their citizens from obtaining citizenship of a different country.

Does Turkey allow dual citizenship? There is no restriction about it. Turkish government dual citizenship in Turkey.

The citizens of the country, which the Turkish President has approved, can apply for Turkish citizenship and have the right to dual citizenship with their own citizenship. 

For more details about Turkish citizenship and Turkish passport click here.

 

HOW MANY TIMES IT TAKES TO OBTAIN TURKISH CITIZENSHIP?

 

In order to apply for Turkish citizenship by investment, the processes of the Turkish Citizenship Investment Program (TCIP) application processes must first be completed.

In the light of the information mentioned above, the processes of obtaining Turkish citizenship can normally be completed between about 90 days and 180 days.

 

As MELARES Turkey Properties; with our reliable and expert lawyers, we ensure that your Turkish citizenship processes result in minimum cost and meticulousness.

 

For 2020 How Much is a Turkish Passport?

The total amount of the Turkish passport's fee for 2020 is below.

6 Months - 368,30 TL

1 Year - 464,40 TL

2 Years 657.00 TL

3 Years - 865.90 TL

3 Years and Over - 1.155 TL

 

 

THE IMPORTANCE OF WORKING WITH MELARES' LAWYERS

 

You want to apply for Turkish citizenship in a country where you don't know its language, culture, legal procedures and practices. If you are planing to carry out such a process yourself without professional legal support, we recommend you reconsider this subject.

For which subject where should you apply? What kind of information and documents are needed on Turkish citizenship subject Which steps do you need to follow in legal procedures? It will take weeks and maybe months to do all this with hearsay information or by searching over the internet. Also, you will have to run from there to there ...

All relevant issues, including the investment processes before the Turkish citizenship application and the Turkish citizenship application processes, require legally specialization. Laws are clear and clear. It does not accept comments, guesses and errors. It is a serious business to carry out official processes and citizenship processes before citizenship without any problems!

 

For this reason, you should conduct your Turkish citizenship applications that you will obtain by investing with experienced, expert and reliable lawyers. At this point, the following questions may occur in your mind; "Why should I work with lawyers for Turkish citizenship?", "What are the benefits of lawyers in my application for Turkish citizenship?"

First of all, nobody knows Turkish law rules better than Turkish lawyers. In addition, lawyers also have fields of expertise in spesific subjects. Expert lawyers who have the knowledge and experience of acquiring citizenship of foreign people direct you correctly and make your transactions easier while keeping you safe. In this regard, the best persons that can help you in correct way will be lawyers who know citizenship law Turkey well. In addition; during the residence permit application, which is one of the compulsory processes before the citizenship application, no other profession member other than the lawyer can take action by proxy.

It is a fact that; for foreigners who do not conduct their transactions through their lawyers, the investment and application processes are slower and more troublesome.

Especially if you are considering getting Turkish citizenship through real estate investment, you will need the support of professional lawyers also in many official procedures you need to carry out in your real estate purchasing processes.

With the right lawyer and the accurate real estate company, you will achieve the best and profitable result.

As a summary; collaborating with lawyers in your formal procedures, including citizenship, provides you the following benefits in outline;

> Checking the Eligibility of Real Estate for Turkish Citizenship

For the application for Turkish citizenship, it is not sufficient for the property to have USD 250.000 or equivalent Turkish Liras price. At the same time, the floor easement (construction servitude) of this property must be established by the construction company.

Lawyers that you are cooperating with, by checking whether the property that you plan to purchase is suitable for Turkish citizenship conditions and gives you the right information and guidance.

> Fast Execution of Transactions with Power of Attorney

When applying for Turkish citizenship, you can work with a lawyer by giving a power of attorney.

> Examining the Legal Status of the Property You Will Buy

Your lawyers will carry out the necessary researches for you regarding the zoning status of the property you are planning to buy, whether it has a building license, whether there are any restrictions, foreclosures and problematic situations on the property.

Your legal advisor also keeps you away from problematic properties.

> Provision of Real Estate Appraisal Report

Your lawyer carries out the realization of the Real Estate Appraisal Report, which is required for the application of Turkish citizenship and proves that the value of the property you purchase is at least USD 250.000.

> Residence Permit Application

Before applying for citizenship within the scope of the Turkish Citizenship Acquisition Program with Investment, you must apply to the relevant official institution for Residence Permit.

Your lawyers will carry out the procedures on your behalf correctly in applying and finalizing your application with the necessary information and documents.

> Citizenship and Passport Application

Your lawyers provide all necessary legal counseling in all of your processes from the preparation of the documents required for Turkish citizenship and Turkish passport in accordance with the provisions of the Law, until the conclusion of your transactions.

 It follows the processes meticulously and finalizes them.

More details about working with MELARES lawyers.

 

WHAT IS THE EASIEST WAY TO GET TURKISH CITIZENSHIP?

 

 
1

The Buy Real Estate Investment Fund or Venture Capital Investment Fund Participation

Worth to minimum

$500.000

2

To Deposit to banks operating in Turkey

Worth to minimum

$500.000

3

To buy Government Debt Securities

Worth to minimum

$500.000

4

To do a Fixed Capital Investment

Worth to minimum

$500.000

5

Providing Employment

Minimum

50 People

6

TO INVEST IN REAL ESTATE

Only worth to

$250.000

 

 

There may be different ways to obtain Turkish citizenship for a foreign citizen.

>>> For a minimum of USD 500.000;

    + You can purchase Real Estate Investment Fund Participation Share or Venture Capital Investment Fund Participation Share,

    + You can make Deposits to banks operating in Turkey,

    + You can buy Government Debt Securities,

    + You can make Fixed Capital Investments.

>>> Apart from this, you can obtain Turkish citizenship by Providing Employment for at least 50 people.

 

 

 

 

FINANCIAL ADVANTAGES OF OBTAINING CITIZENSHIP WITH REAL ESTATE INVESTMENT

 

What are the financial advantages to get Turkish citizenship by property investment?

 

When you apply for citizenship in Turkey by investment, you will evaluate your investment in addition to affordable cost. Since there is a condition of not selling the property (house, shop, etc.) you bought for 3 years,

*** If you are not going to live in this house you bought, you can rent the property and get 6% to 8% rental income annually throughout 3 years.

*** If you want to sell your property after 3 years, you will have an average investment value of 10% to 15% annually on the price you purchased, and an average of 33% to 52% in total at the end of 3 years.

*** If you want to both rent your house and then sell it after 3 years, you can earn high income at the end of the 3rd year as shown in the example below.

 

For example; When you buy a house worth to 2.000.000 TL,

 

RENTAL INCOME

Annual Rental Income of the House: Between 2,000,000 TL x 6% = 120,000 TL and 2,000,000 TL x 8% = 160,000 TL

3-Years Rental Income of the House: Between 120.000 TL x 3 years = 360.000 TL and 160.000 TL x 3 years = 480.000 TL

 

INVESTMENT INCOME

Annual Investment Income of the House: Between 2,000,000 TL x 10% = 200,000 TL and 2,000,000 TL x 15% = 300,000 TL

3-Years Investment Income of the House: Between 200.000 TL x 3 years = 600.000 TL and 300.000 TL x 3 years = 900.000 TL

 

RENTAL REVENUE AT THE END OF 3 YEARS + INVESTMENT INCOME

Purchase Value of the House: 2.000.000 TL

3-Years Rental Income of the House: Between 360,000 TL and 480,000 TL.

3-Years Investment Income of the House: Between 600,000 TL and 900,000 TL.

TOTAL:

2.000.000 TL + 360.000 TL + 600.000 TL = 2.960.000 TL (48% total value increase)

2.000.000 TL + 480.000 TL + 900.000 TL = 3.380.000 TL (69% increase in total value)

 

BRIEFLY; A house that you buy for 2,000,000 TL will save you between 48% and 69% in total, with both rental income and investment income after 3 years.

 

 

IMPORTANT INFORMATION TO OBTAIN TURKISH CITIZENSHIP BY PROPERTY INVESTMENT

 

* All foreign nationals who invest USD 250,000 in property, except for nationals restricted by law, may apply for Turkish Citizenship and Turkish Passport.

* You can apply for Turkish Citizenship by purchasing one or more properties with a total value of USD 250.000.

* The applicant's mother, father or children over the age of 18 cannot apply for Turkish Citizenship within the scope of obtaining citizenship through investment.

* Turkish citizenship that obtained is valid for lifelong.

* If the property is purchased with a mortgage loan, the mortgage value is deducted from the value stated in the valuation report and the remaining amount is taken into consideration.

* The value of the real estate must be paid by bank transfer from the buyer's account to the seller's account. This transaction must be proved by bank receipts.

 

WHAT ARE THE STEPS OF ACQUIRING TURKISH CITIZENSHIP WITH REAL ESTATE INVESTMENT?

 

In order to obtain Turkish Citizenship with minimum USD 250.000 or equivalent Turkish Liras property investment, you need to perform the following processes.

1
Getting Tax Registration Number
2
Opening a Turkish Bank Account
3
Finding the Property
4
Obtaining Real Estate Appraisal Report
5
Purchasing the Property
6
Obtaining the Certificate of Conformity
7
Application for Turkish Residency
8
Application for Turkish Citizenship

 

 

 

 

PROCESSES OF TURKISH CITIZENSHIP PROGRAM WITH MELARES

 

 

1

Filling the Citizenship Program Application Form

2

Needs Analysis and Presenting Proper Portfolios

3

Appointment Organization

4

Welcoming You at the Airport and Entertain in Our Office

5

Presentation of Properties Suitable for Citizenship and Determining Real Estate

6

Free Real Estate Tour / City - Region Introduction

7

Deciding on the Real Estate to be Purchased

8

Meeting with MELARES' Lawyers

9

Organizing Property Purchase Processes

10

Residence Permit Application

11

Turkish Citizenship Application

12

Getting the Turkish Passport

 

 

 
 

 

 

 

THE BENEFITS THAT MELARES WILL PROVIDE YOU

 

 

 

>>> We offer you the most accurate real estate properties suitable for citizenship in Turkey.

 + 18 years of experience

 + Wealth of real estate

>>> In all processes we are by your side.

 + Expert Call Center Team and Sales Team 

 + Service in different languages…

>>> We offer you the best in your Turkey Citizenship processes.

 + Meticulous and cost-effective service 

 + Our expert and experienced lawyers

 

DO NOT FORGET THAT;

Expert LAWYERS and the accurate REAL ESTATE COMPANY lead you to the best and profitable result.

 

 

WHAT ARE THE REQUIRED DOCUMENTS FOR THE TURKISH CITIZENSHIP APPLICATION?

 

 

 

It is important to prepare the required application documents very carefully and accurately so that you can reach the result quickly when applying for Turkish citizenship.

It is possible to prepare your documents in accordance with the Law and application conditions through our professional Lawyers who will guide you in this matter.

 

The documents required for Turkish citizenship application through investment are outlined below.

* Population Registration - Birth Certificate (For all family members)

* Residence Certificate

* Marital Status Certificate (Showing that the person purchasing the real estate on behalf of the property is married, single or divorced)

* Certificate of Death (If the applicant is a widow, a document regarding the death of spouse)

* Health insurance

* 8 Biometric Photos (Taken on a white background)

* Passport

* Parental Consent Letter (For the child under the age of 18 who will receive Turkish citizenship of the applicant. Must be issued by a notary, overseas representative or competent authorities of his / her country.)

* Original and Notarized Turkish Translation of These Documents

* Power of Attorney (For authorization of the lawyer)

* Certificate of Conformity

* Application Forms

* Service Fee Receipt (Must be obtained from the Finance Cashier)

 

SPECIAL REAL ESTATE CITIZENSHIP PACKAGES FOR YOU

For living or investing.. By choosing one of our Citizenship Packages prepared including "one or more property", you can obtain Turkish citizenship and sign a profitable investment opportunity.

PACKAGE A - SINGLE PROPERTY PURCHASE

You can live in your property which you will buy at appropriate value for Turkish Citizenship or you can rent it and earn regular income.

 

 

PACKAGE B - DUAL PROPERTY PURCHASE

You can live in one of the 2 properties which you will buy, and rent the other property to obtain regular income. If you wish you can rent both of the property and increase your income.

 

 

PACKAGE C - TRIPLE PURCHASE

You can live in one of the 3 properties which you will buy, and rent the other two properties to obtain regular income. If you wish you can rent three of the propertiy and increase your income.

 

 

PACKAGE D - QUADRUPLE PURCHASE

You can live in one of the 4 properties which you will buy, and rent the other three properties to obtain regular income. If you wish you can rent four of the property and increase your income.

 

 

If you want to rent your property, our related department will carry out your rental processes professionally.

As MELARES Turkey Properties, we find the most accurate real estate alternatives for you to be a Turkish citizen.

 

 

WHY TURKEY FOR REAL ESTATE INVESTMENT AND TURKISH CITIZENSHIP?

 

REAL ESTATE INVESTMENT IN TURKEY

 

In Turkey, you have many reasons to do real estate investment. Not only to obtain Turkey citizenship but also Turkey's many features is a major reason in itself to invest here.

 

 

More details about why you should choose Turkey for investment?

 

 

HOW TO OBTAIN RESIDENCE PERMIT IN TURKEY?

 

One of the most important issues a residence permit for foreign nationals who come to stay in Turkey. A foreign non-Turkish citizens after the end of the short-term tourist visa must have a residence permit to remain in Turkey. How to get a residence permit in Turkey? Before moving on, let's take a look at some information about residence permit.

 

What is a Residence Permit?

It is a permission document given to the foreigners in order to stay in Turkey more long time than visa exemption period that implemented for their country.

 

Where to Apply for Residence Permit?

Applications for a residence permit are made to the Provincial Immigration Administration within the governorships.

 

 

WHAT ARE THE COST OF A RESIDENCE PERMIT IN TURKEY FOR 2020

 

The costs related to the residence permit vary according to the number of people and the number of pages of the documents. Sample amounts for 1 person are given below for information.

Valuable Paper Fee for Residence Permit: 110 TL

Residence Permit Fee: $ 25 for the first month + $ 5 for other months (It varies by country. The indicated amount is the highest one.)

Single Entry Visa Fee: 695,60 TL (This fee is paid if the person does not have a valid residence permit already obtained or does not have a valid visa.)

 

 

 

 

Health Insurance Amount: Between 150 TL - 1,250 TL. (It varies according to the age of the person and is compulsory for foreigners under 65.)

Notary and Translation Amount: Approximately 250 TL (for each document)

Apostille Confirmation Fee: Approximately 205 TL

 

 

WHAT IS A TURQUOISE CARD? WHO CAN BE BENEFITED?

 

What is Turquoise Card?

According to the Regulation published in the Official Gazette of March 2017; For foreign citizens have the right to not allow dual citizenship countries, Turkey's Turquoise Card system can be implemented.

When you have this card;

> Foreign Applicants, acquire a permanent right of working and living in Turkey.

> The applicant's foreign national spouse gets the right to sit.

> The adult / dependent foreign children of the applicant or his spouse have the right to reside.

 

 

What is the Duration of the Turquoise Card?

* Turquoise Card is given with the first three years being "transition period".

* In accordance with Article 15 of the relevant Law, if the Turquoise card has not been canceled within the "transition period", upon the application of the foreigner, the registration period on the card is removed and the Turquoise Card is issued indefinitely.

NOTE: Turquoise Card and Turquoise Card Relatives Card are interconnected. If the Turquoise Card is canceled, the Relatives Card is also invalid.

 

What are the Rights of Turquoise Card Holders?

Turkuaz Card holders enjoy the rights provided by the indefinite work permit issued in the relevant Law.

1. Exemption of military service in Turkey.

2. Use of vested rights in social security within the provisions of the legislation.

3. Residency in Turkey, travel, work, investment, commercial activities, heritage, issues such as obtaining all movable and immovable, is carried out according to the legislation applied to Turkish nationals.

 

Can Turquoise Card Holders Get Turkish Citizenship?

Pursuant to the Turkish Citizenship Law No. 5901, the Turquoise Card holder and his / her relatives can acquire Turkish citizenship if they are offered by the Ministry, provided that they do not have an obstacle in terms of national security and public order and the transition period registration is removed.

 

FREQUENTLY ASKED QUESTIONS ABOUT TURKISH CITIZENSHIP

1. What is the validity period of the Real Estate Appraisal Report?

The Real Estate Appraisal Report is valid for three months from the date of issue. If an application has been made, the appraisal report is valid until the application is completed.

2. How to transfer the sales price of the real estate purchased for Turkish citizenship?

The transfer of the sales price can be made in foreign currency or in Turkish Lira through foreign banks or through the banks in our country.

It must be proved by a receipt approved by the banks that the price has been sent / paid by the purchaser of the real estate. The payments which has been made by hand are not valid

3. What is needed to obtain a “Certificate of Conformity”?

After receiving of "not to sale for 3 years" commitment of the purchased real estate, the transaction documents are sent to the authority to issue a certificate of conformity by the Land Registry Office and the certificate is issued.

After receiving the "Certificate of Conformity" the following applications are made;

 + To the Provincial Directorate of Migration Management for residence (residence permit)

 + Provincial Directorate of Population and Citizenship Affairs for Citizenship.

4. Can I apply for Turkish citizenship with the Real Estate Sales Promise Agreement?

Provided that the following conditions are fulfilled, an application for Turkish citizenship can be made with the Real Estate Sales Promise Agreement.

 + On and after 07.12.2018; the properties having the flat-ownership or contrcution servitude, the amount of at least USD 250.000 or equivalent must be paid in advance (at the latest on the signature date of the contract).

 + Commitment should be added to the land registry, related with the Real Estate Sales Promise Contract that issued in Notary shall not be transfer and deletion for 3 years.

5. Can I apply for Turkish citizenship with the properties I have already purchased?

 + In case of at least USD 1.000.000 of the value of the purchased real estate between 12.01.2017 and 18.09.2018,

 + In case of the value of the purchased real estates / real estates is at least USD 250.000 on and after 19.09.2018,

 + In case the value of the real estate / real estates whose sales promises contract has been issued after 07.12.2018 is worth USD 250.000,

Turkish Citizenship applications can be made.

6. Can I apply for Turkish citizenship by purchasing more than one property? Should all real estates worth $ 250,000 be purchased at once?

There is no limit to the number of properties that can be acquired through sale or which may be subject to the promise of sale. The important thing is that the real estate value totals sought on the dates specified in the Law are in compliance with the application for Turkish citizenship.

No. Turkish citizenship can be applied for real estate purchased from different places and at different times.

7. What types of properties can I buy for Turkish citizenship?

In the purchase (title deed transfer) process, the qualification of the real estate does not matter. The qualification of the property can be housing, workplace, land, field, garden and so on.

In the process of making commitments through the Real Estat Sales Promis issued in the notary public, the condominium or floor easement of the real estate must be established.

8. Can the real estate be sold before the expiration of the "3-year unsaleable" annotation?

This situation is asked by the Land Registry to the Provincial Directorate of Population and Citizenship and the situation related to citizenship is reconsidered.

9. Real estate purchasing for Turkish citizenship and "3 Years Not to Sell" commitment can be done by a power of attorney?

Yes. In case of there is an authorization in the related power of attorney this can be done.

10. Can a citizenship application be done in the purchase of mortgaged real estate?

It is possible to apply for citizenship if purchased by accepting the existing mortgage or foreclosure. In this case, however, the following conditions are taken into consideration;

 + In case the real estate is acquired through sale-mortgage transaction (credit purchase); In determining the legal value sought, the credit amount is deducted from the sales price and the remaining price must be at least the amount specified in the regulation.

 + In legal mortgaged sales; Except for the mortgage, the prepaid portion must be at least the amount specified in the regulation.

11. Do I need to residence in Turkey to get Turkish citizenship?

There are different ways to get Turkish citizenship.  To obtain Turkish citizenship in other ways except investment, uninterrupted 5-year residency required.

However, if you will get your Turkish citizenship by investing (real estate, deposits, government securities, etc.) you do not need to reside in Turkey.

12. Is it easy to get Turkish citizenship? Is it difficult to get Turkish citizenship with real estate investment?

Getting Turkish citizenship is easier than in many countries in the world. It is necessary to carry the conditions required in the relevant Laws and complete the necessary documents completely and accurately.

Also, if you apply for Turkish citizenship by investing you do not need speaking Turkish, not residing in Turkey and has no wealth declaration requirements. It has been allowed by Turkish government dual citizenship in Turkey.

 

No. There are some steps you need to follow for this.

Shortly;

> When you decide to buy a property in Turkey, by taking the tax number from the tax office you must open an account with a bank in Turkey.

> You should draw an expertise report from a company approved by the Capital Markets Authority for the real estate you will purchase.

> Then, by purchasing a property (signing a contract / transfer of title deeds on your behalf), you will receive a Certificate of Conformity from the Land Registry that all transactions are done in accordance with the Law.

> After obtaining a residence permit from the Provincial Immigration Administration, you conclude the procedure by applying for Turkish citizenship to the General Directorate of Population and Citizenship Affairs.

13. What rights do I enjoy if I get Turkish citizenship? What are the benefits?

A foreigner who gets Turkish citizenship enjoys all the rights like Turkish citizens. It benefits of rights such as education, health, establishing sound commercial relations, Turkish heritage law, voting.

14. What type of passport will I use if I am a Turkish citizen? Which countries can I go to without a visa when I get a Turkish passport?

There are 4 types of passports issued by the Turkish government. Diplomatic Passport, Private Passport, Service Passport and Public Passport.

Apart from the 3 special passports above, Turkish citizens use a Maroon colored passport that is publicly available.

 

Turkish passport is one of the strongest passports in the world.

When you receive your passport with your Turkish citizenship, you can travel to more than 100 countries without visa or with the ease of getting a visa at the border gate.

15. How soon can I get Turkish citizenship?

Your citizenship application process varies depending on certain conditions and how accurately you prepare your documents.

If your application documents are correct and complete, and if the research result is positive that there is no obstacle to obtaining Turkish citizenship, you may be able to obtain your Turkish citizenship in approximately in 90 days after your application.

16. Do I have to work with a lawyer to get Turkish citizenship?

Yes. You need to work with a lawyer to apply for Turkish citizenship.

It is a great benefit to work with a lawyer who knows Turkish law and the procedures, principles and conditions of Turkish citizenship very well.

Experienced lawyers prevent you from losing time by directing you right. It also organizes all your Turkish citizenship processes for you. Without being in Turkey, you can handle your transactions with the power of attorney that you will give to a lawyer.

 

17. How can I get citizenship by investing in Turkey? How is the citizenship process beginning and progressing?

One of the necessary methods for a foreign real person to obtain Turkish citizenship by investing is to purchase Real Estate. Apartments, villas, shops, stores, etc. There is a requirement not to sell the property for 3 years.

Except this,

* You can deposit minimum USD 500.000 or equivalent Turkish Lira or foreign currency Deposits to the bank. There is a condition not to withdraw this money from the bank for 3 years.

* You can make a Fixed Capital Investment of minimum USD 500.000 or equivalent in Turkish Lira or foreign currency.

* You can get a minimum USD 500.000 or equivalent Turkish Lira or foreign currency Government Debt Instruments. These Instruments are required to be kept for 3 years.

* You can purchase a Real Estate Imvestment Fund Participation Share or Venture Capital Investment Fund Participation Share with a minimum value of USD 500,000 or equivalent in Turkish Lira or foreign currency. These Participation Shares are required to be kept for 3 years.

* You can provide employment for 50 people.

The citizenship procedures starts with buying a property. Such property should be minimum valued $250.000. After the purchase of the property the application phrase starts. Application phase is basically submitting relevant document to the relevant authorities. The applicant who meets the relevant requirements can apply for the citizenship for himself or herself, wife, kids below 18 years old.

18. When I apply for Turkish citizenship with real estate investment, can my family benefit from citizenship? Will my newborn child benefit from this right when I get Turkish citizenship?

Along with his application for Turkish citizenship, the spouse and children under 18 years of age also benefit. They also get Turkish citizenship.

This situation not including person's mother, father, or children over the age of 18.

Yes. When you get Turkish citizenship, your new born and will born children will also be born as Turkish citizens.

19. What are the required documents?

In general, we need passport translation, 6 photographs and also birth certificate. If one of the spouses are married, also married certificate is required.

20. Is it necessary to make personal reference, if not, what stage also needs to be found in Turkey?

Citizenship application is applicant friendly procedure. If the applicant submits all necessary documents and power attorneys, he or she doesn't need to show up during the application.

 

21. Is there any advantage for applicants whose children are above the age of 18 regarding residence permit, trade or other similar subjects?

Yes they have certain advantages when they apply for residence permit and also for the visa applications.

22. Can more than one person gain citizenship through a single property?

The condition of acquisition Turkish citizenship while real estate is investing minimum $250.000. If each purchase share is minimum $250.000 it shall meet the conditions. An applicant can also purchase more than one real estate in order to meet with the condition.

23. If the applicant has more than one citizenship, does the situation change or create a disadvantage?

There is no any extra requirement or any barrier for multiple citizenships.

 

24. Is it possible for adult dependents to apply citizenship with their family?

Yes, for example, if the applicant has a dependent family member, he/she can also apply for this member in order to get Turkish citizenship.

25. What is the situation for the children's who are adopted or spouse's other marriages?

Children from other marriages and also adopted children can also be the subject for the acquisition of Turkish citizenship.

 

26. Is a foreign property owner taxable and what are the conditions? Is there a VAT exemption to foreigners? In which conditions are there?

A real estate owner in Turkey has to pay real estate ownership tax. Such tax is payed annually. And its calculated according to the value of the real estate. If the real estate is leased also annually a real estate income tax is payed.

Yes there is. The main condition of VAT exemption is the money should be transfer to Turkey from abroad. 

 

27. What will be the law of inheritance if the owner of the property loses his / her life?

If a real estate in Turkey is subjected to inheritance Turkish law shall apply. The general rule of Turkish inheritance law is the property will be divided between the wife or husbands and the kids.

 

28. Can the transfer of the purchase amount be made in multiple transactions? What if the transaction in currencies other than dollars?

Purchase price of real estate can be transfer with multiple transactions. The total transaction amount should be meet minimum $250.000. If the transfer amount in different currency, on the transfer of title deed date the amount should be meet with $250.000 in exchange.

29. Are there any benefits in obtaining a residence permit?

In case the real estate is below $250.000 or the applicant has not apply for Turkish citizenship the real estate can still be used for residence permit. In such case the husband or the wife and the children below 18 years old can apply for residence permit.

30. Does citizenship help other family members or relatives to get visa easier?

Investors who acquired Turkish citizenship can also invite their relatives via visa invitation letters.

HOW CAN WE HELP YOU?

You can get support from our experienced team in all matters related to your real estate needs.

+90 542 208 1 208 info@melares.com
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